The beer sucks. Yup, tourists do abound in this place, but for a mug of Oldgott from the barrel and a decent meal it’s not that bad of a place to visit. Food was actually really good compared to some other highly touted places we visited on our trip. Be sure to drink and eat upstairs or else you’ll only get bottled beer. Prices are about double what you would pay outside of the city center, much more than anything found in Plzen, for example. If you can stand the ugly tourists in some of the rooms, it would be worth visiting, although the beer quality of this brewery specifically is nothing to write home about.

(Visited 04/2009): U Medvídků is a labyrinthine brewpub located on Na Perštýně in the central part of the city ("old town"). As we walked everywhere I am unsure what the parking situation is, although there appeared to be street parking nearby.
There are multiple entrances and multiple levels to the brewpub. The main floor has a restaurant, and evidently there is a hotel there too. Talk about a dream come true, a place that makes there own beer where your only concern is stumbling back to your room at the end of the evening. The top level has a small bar and a low ceiling, and there are tables and booths throughout.
Service here is friendly and helpful, especially considering we did not speak the language.
The brewpub offers a few beers, including the flagship Oldgott and X-33, both of which we purchased to take home. The bottles did not seem as fresh as I expected, but overall the beers were decent. They also serve Budvar at the brewpub.
We did not try any food during our visit.
Overall this place has great character and an outstanding location, and is a must visit on a trip to Prague.

Strange place, I can’t tell how much touristy it is or real, anyway I liked it a lot. The restaurant is pretty much like a sort of dungeon, unique. The bar is not easy to find, that was quite amusing, you have to go through all the dungeon and go upstairs, as far as I have been told you can get the Oldgott only up there (that I brought back to the restaurant and had with the food, otherwise you get rather common beers at the restaurant). The food in Czech Republic is... so and so, and this place confirms it: basically a lot of pork and potatotes, it can be tasty but also very heavy. Busy staff and not much caring, just the minimum required service. I would recommend to go just for the experience.

This smoke-heavy, larger multi-roomed brewpub can be hit or miss I guess. While some of their beers are lauded, I felt completely underwhelmed. The X-33 was a syrupy joke that I did not much prefer to the bottled version I’d had a couple of times before and the famous Oldgott did let me down being far less explosive with freshness than I’d hoped. Pair the slight beer disappointment with the rudest service consisting of throwing smoke iin your face and throwing the menus at you and you’ve got a pretty despicable experience that lasted shorter than we had planned. I may give it a second chance someday, but I’m not holding my breath.

It’s not obvious this is actually a brew pub as well as a Budvar place and restaurant. Go through the main hall and find your way to the brew pub upstairs, it’s well worth it and the beer is good. Also the shop in the basement can be well worth a visit, for example to buy their bottled beer.Rerate. Rather poor service in 2008, downgrading scores for it.